EUR/USD 1.17431
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On December 18th, Saxo Bank analyst Ole Hansen wrote in a report that gold is increasingly becoming a cornerstone asset in a world characterized by fragmentation, fiscal tensions, and geopolitical uncertainty. Golds performance over the past two years reflects more than just a favorable macroeconomic cycle. It signals a deeper transformation in the global financial system, where trust, diversification, and resilience have become as important as yield and growth. Despite the strong momentum, gold is not without risk heading into next year. In the near term, the most tangible risks stem from positioning and capital flows. The strong rally in gold and silver in 2025 means that the upcoming rebalancing of major commodity indices will trigger a significant sell-off in the futures market, a process that could generate significant short-term volatility.On December 18th, Daniela Hathorn, senior market analyst at trading platform Capital.com, said: "With inflation still above target and service sector prices appearing sticky, Bank of England policymakers are unlikely to send a clearly dovish signal. Instead, the Bank of England will likely describe any rate cuts as a gradual shift in risk management rather than a full-blown easing cycle."JPMorgan Chase raised its price target for Micron Technology (MU.O) from $220 to $350.According to the latest analysis from Economies.com analysts on December 18th, spot gold prices have been mainly fluctuating in recent intraday trading. The main bullish trend remains dominant in the short term, and the price is moving along the secondary support trend line, indicating the stability of the bullish trend.December 18th, Futures.com analysts latest view: WTI crude oil futures have fallen in recent intraday trading, mainly due to the stability maintained after touching the current resistance level of $56.40. At the same time, a steep secondary bearish trendline resistance was tested in the short term, which further exacerbated selling pressure and caused a loss of bullish momentum.

EUR/USD Price Analysis: Bulls attack 1.0520 barrier with 200-day SMA in view

Alina Haynes

Jun 21, 2022 11:26

截屏2022-06-21 上午9.39.57.png 

 

During Tuesday's Asian session, EUR/USD buyers extend the week-beginning surge to 1.0520 against an eight-day-old resistance line.

 

Bullish MACD signals tend to keep EUR/USD investors upbeat. However, Friday's earlier support line at 1.0540 acts as an additional filter to the north.

 

The 200-week simple moving average (SMA) between 1.0585-90 and the previous weekly high near the 1.0600 barrier also pose a challenge to purchasers of the key currency pairings.

 

In the event that EUR/USD buyers are able to retain control beyond 1.0600, the June 10 high around 1.0640 will be the final line of defense for selling before they return to the area above 1.0700 on the chart.

 

Alternately, corrective swings are problematic until the price remains above a trend line with an upward slope from June 15, roughly 1.0450. Friday's low around 1.0440 adds more support to keep an eye on.

 

Should EUR/USD bears breach the 1.0440 support, it is not unthinkable to witness a slide to the yearly low of 1.0360.


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